Where you born and breed in England or just living in Oxford for a few years? It's only a quick overnight ferry from Ireland; I went to the mainland to pick up my 480 and 245! In fact, the mainland is the place to go for any cheap Volvo as that's where they all are! There isn't much of a Volvo 'scene' in Ireland (North or South); i.e. it would be rare to see anything older than ten years old knocking around, minus the very odd RWD beater. Ebay is a Volvo buyers best friend if one is on the market for a nice old Volvo;
http://motors.ebay.co.uk , take 10 minutes and have a quick search for typical RWD models and be careful not to drool all over your keyboard! They aren't all minters, but you can pick up some real clean, low mileage examples for not much money.
I sold my '79 245 for £1100 ($1900) and my '96 850 for £1300 ($2250). A few people thought my 245 was over priced as you can pick up similar 1 owner 200s with low mileage in mint condition for around £700 ($1200), but with the accessories I added a few people thought it was under priced. It was a quick sale and I think I could have got a couple more hundred if I had of knew this. The 850 I just couldn't get rid off!! It was mint, full history of receipts, 3rd owner, one years inspection with six months road tax; £350 ($550) went into it at Christmas and in the end I lost that much off my asking price just so I could sell it two days before leaving for Canada. I only owned it for 9 months but it was the
best car I've ever owned and would have lasted me a long time of trouble-free and very ecomonical driving had I stayed in Ireland.
A nice base model 2/7/9 (they all had the 2.0 and 2.3 - 2.3 preferred) would set you back around £500 ($820), less from a local private ad, more from an enthusiast. You guys didn't get the 3/4 models but they are cheaper again with less mileage and 1 owner status. 400s are good daily beaters (they look like a small 850) and are very ecomonical (although the Renault engines question the reliability), and the 300s are a fun little RWD car if you can source one with a 1.7 or 2.0 engine.
You can pick-up Turbo Volvos for not much money in the UK (T5 850s most popular, and the odd 4/7/9) but you have to be careful with what your buying - they are cheap to begin with that so many are bought, fleeced then sold on to the next fool. You can still get a real nice enthusiast owned Turbo but you'll probably pay and get the sellers personal-taste modifications with it also! T5s are all the rage back home which is great if you can afford to run them daily!
I think the only real issues I've had with Volvos are rattly interiors and bloody engine mounts!! Oh, and I've never had a drivers heated seat that works correctly, apart from that I've been a pretty happy Volvo owners. Most of my expenses in a car is down to accessories / modifications anyway.
If I could pick up a sound 2/7 for the money you guys are talking then that would be awesome. If there are any
good ones left out there I'd rather pay a little more for a trusty one than a little less for something that needs a mechanics touch - at the minute I don't have a clue what we'd do if the Jeep left us stranded nor do I have a back-up if it needed to go into a garage for repairs (I have to commute to Edmonton for work everyday)!
Oh, I'm sure insurance would love me if I tried adding another car to my policy!
Sorry for the long post, I like to ramble - perhaps we should organise a 'new members to the club' night!
I just lived in Oxford for a year when my Dad was on sabbatical, but its where I got into European cars big time. As far as pricing goes, what you're saying doesn't fall too out of line with pricing here IMHO.
The car you posted doesn't look too bad actually, but the car would have to be in nicer shape with lower mileage to get that price I'm thinking. All North American 240's from '86 onward have b230s....we didn't get the 2.0L engines sadly.
I'm still thinking this would be a nice car for someone...no idea if its still for sale.